Update on Acquisition of Interest in Magnolia

RNS Number : 2988K

Nostra Terra Oil & Gas Company PLC

06 July 2017

 

6 July 2017

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Update on Acquisition of Interest in Magnolia Petroleum plc ("Magnolia")

Further to Nostra Terra's RNS of 26 May 2017, the Company confirms that on that date £125,000 was paid to Steven Snead et al ("Snead").  As a result the Company acquired the beneficial rights to the 204,226,749 ordinary shares of £0.001 each in Magnolia ("Magnolia Shares") with legal title to be completed by 30 June 2017. Both parties agreed that completion will now take place by 31 July 2017 and that the Company continues to have direction over the voting rights of the Magnolia Shares until then. In addition the Company retains the right to issue 2,400,000 new ordinary shares of £0.001 each in Nostra Terra and receive back £60,000 prior to the transfer of the shares from Snead.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, visit www.ntog.co.uk or contact:

Nostra Terra Oil and Gas Company plc Matt Lofgran, CEO			[phone]
Strand Hanson Limited (Nominated Adviser and Joint Broker)			[phone]
Rory Murphy / Ritchie Balmer / Jack Botros
Smaller  Company Capital Limited (Joint Broker)			[phone]
Rupert Williams / Jeremy Woodgate

 

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